SI

Stratton Resources Inc. (TSX VENTURE:SI) ("Stratton" or the "Company") is pleased to announce that it has started drilling at the Bear Canyon copper project located on the prolific Arizona Porphyry Copper Belt. The first phase drill program will consist of 12 diamond drill holes, approximately 200 meters deep. This initial drill program is designed to evaluate Induced Polarization (IP) geophysical anomalies defined under and along strike from surface oxide copper occurrences.

The Bear Canyon Property is an early stage exploration project that Stratton holds an option to earn 100% of, subject to a 10% Net Operating Profit. The property is located near the southeastern end of the prolific Arizona Porphyry Copper Belt that extends across Arizona from northern Sonora in Mexico into Nevada. This region has the potential for discovery of new copper porphyry deposits. Data generated by the Arizona Department of Mines and Mineral Resources shows that copper production from this region accounts for 60% of the total US national annual production. A number of important mines occur within the region. These include the Cananea (Grupo Mexico) open-pit mine 45 kilometers south of Bear Canyon and Sierrita (Freeport McMoran) a producing, open-pit copper mine and concentrator 84 kilometers north west of Bear Canyon. Additionally, Rosemont Copper, a construction stage copper project lies in close proximity to Sierrita.

Native copper was identified in surface mineralization in outcrops across the property. These outcrop occurrences are coincident with IP targets generated by recent geophysical surveys. The targets have a strike length that is a minimum 1,400 meters and are open both to the northwest and to the southeast. The IP features extend and increase to depth indicating potential for increasing chargeable mineralized material.

Stratton's President and CEO, Greg McCunn, said: "With exploration drilling commencing late last week on the MAC Project and now underway at Bear Canyon, we are on track to rapidly advance two of our exploration properties. Bear Canyon represents an opportunity for a significant new copper discovery on a very prolific and active copper belt."

On behalf of the Board of Directors,

Greg McCunn, President & CEO

Qualified Person

Richard Haslinger, P.Eng., is the qualified person under NI 43-101 who has reviewed the technical disclosure in this news release and assumed responsibility for it.

About Stratton Resources

Stratton Resources Inc. is a Canadian mineral exploration company focused on the discovery and development of porphyry molybdenum-copper deposits in British Columbia and Arizona. Stratton's goal is to build a quality asset portfolio consisting of base metal properties at various stages of development.

The Company's flagship project is the advanced stage MAC Molybdenum-Copper Project ("MAC") located approximately 80 kilometers northwest of Fort St. James in central British Columbia. Historical exploration work completed on the MAC project has identified significant zones of porphyry molybdenum and copper mineralization. The Company is also advancing exploration drilling on its Bear Canyon copper project in south-eastern Arizona and holds a 100% interest in the Mt. Hayes copper-gold porphyry project located on the south coast of British Columbia. The Company has also signed a final Purchase and Sale Agreement on the Lunar Copper Porphyry Project located 90 kilometers north of the Kemess mine (Northgate Minerals) in northern British Columbia.

With an experienced management team that has a proven track record of successful discovery and development of mineral deposits, Stratton is positioned to rapidly build shareholder value. For more information please visit our website at www.strattonresources.com.

Disclosure Notes

The above release contains forward looking information, which in Stratton's view is based on reasonable assumptions and estimates. There can be no assurance that forward looking statements will prove to be accurate and are subject to may factors beyond the control of Stratton including third party consents, regulatory approvals the state of capital markets and the appetite for higher risk junior resource companies. For further details about Stratton and the risks it faces see its public filings at www.sedar.com.

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contacts: Stratton Resources Inc. Deanna Kress (604) 683-8193 or Toll Free: 1-800-863-8655 (604) 683-8194 (FAX)info@strattonresources.comwww.strattonresources.com

Stratton Resources Inc. (TSXV:SI)
過去 株価チャート
から 5 2024 まで 6 2024

Stratton Resources Inc. (TSXV:SI)
過去 株価チャート
から 6 2023 まで 6 2024